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4 years ago

The loan period does not affect the total cost of the loan. true or false

Business

2 answers:

kupik [55]4 years ago

4 0

Answer:

False

Explanation:

almond37 [142]4 years ago

3 0

This statement is false. The loan period does get to affect the total cost of the loan. Loans tend to have an annual percentage rate applied to it when you had it. It is a term used to refer the interest rate of the loan you had acquired.

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If the form of a will is made orally, and written down by a witness, how is it called?

kvv77 [185]

If the form of a will is made orally, and written down by a witness, it is called nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.

6 0

4 years ago

if GDP in government spending Remains the Same and alpetra is a closed economy what is the change in investment

Annette [7]

Answer:

No change

Explanation:

The complete question is "The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption, and Government spending remains the same and Alpetra is a closed economy, what is the change in investment?"

The closed economy equilibrium is at: Y = C + I + G. Where Y = Real GDP, C = Consumption, I = Investment and G = Government spending.

The Y, C, G are constant so the investment is not changed. I = Y - C - G. So, this is the same before-tax and after-tax change.

4 0

3 years ago

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of

inn [45]

Answer:

Cash= $183,950

Explanation:

Giving the following information:

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

May:

Manufacturing cost= 198,200 - 28,800= $169,400

Cost for June= 169,400*0.25= 42,350

June:

Manufacturing cost= 217,600 - 28,800= $188,800

Cost from May= 42,350

Cost for July= 188,800*0.25= -47,200

Cash= $183,950

6 0

3 years ago

Anna35 [415]

Part A

Answer and its explanation:

Interest earned in the third year can be found from following two steps

Step 1 Use compounding formula for first two years, which is as under:

Future value = Present Value * (1+r)^n

Here n is the number of years the amount would be deposited for, which is 2 years duration. And r is the rate of return which is 8% here. So the future value in the year 2 will be:

Future value = $1000 * (1 + 0.08)^2 = $1166.4

Now the interest earned in the third year is:

Interest earned in the third year = $1166.4 * 8% = $93.312

Part B

Answer and its explanation:

The simple interest is the interest arising from the principal investment made in the year zero to date and this can be calculated as under:

Simple interest = Principal investment * rate of interest * number of years

Simple Interest = $1000 * 8% * 3years = $240

And the interest arising from the compounding of interest can be found by the difference of the Future value of the investment for three years and simple interest.

So,

Interest arising through compounding of interest = FV of investment in three years time - (Simple Interest + Principal investment)

Interest arising through compounding of interest = $1000*(1+0.08)^3 -$1240

= $19.712

6 0

3 years ago

In a food chain a bigger fish eats a smaller fish. what is the bigger fish called

stellarik [79]

The answer would be consumer

6 0

4 years ago

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